THE FAST RISING POTENTIAL OF U.S. NEW ENERGY

Report Challenges EIA's Renewable Energy Projections; Says Renewables Could Hit 16% of U.S. Electrical Generation in Five Years, Not 27 Years as EIA Forecasts

Ken Bossong, April 16, 2014 (SUN DAY Campaign)

“…[T]he SUN DAY Campaign challenges assertions by the U.S. Energy Information Administration (EIA) that renewable energy sources will provide only 16% of the nation's net electrical generation by the year 2040. Using EIA's own previously published data, the analysis shows that it's more likely the 16% level could be reached within five years…EIA's own published data…that the percentage of the nation's net electrical generation represented by renewable energy has expanded from less than 9% in 2004 to nearly 13% in 2013…Given the relatively consistent growth trends of the past decade or longer for most renewable energy sources and their rapidly declining costs, it seems improbable that it will require another 27 years to grow from 13% to 16%...[EIA's forecast] is simply wrong…[I]f the trends reflected in EIA data from the past decade continue, renewable energy sources could increase to as much as 13.5% of net U.S. electrical generation in 2014, to 14.4% in 2015, to 15.3% in 2016, and reach or exceed 16.0% no later than 2018…[or, at worst,] by 2020…” click here for more

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